One Ship, $417 Million in New Tariffs: The Cost of Trump’s Trade War (Correct)

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On April 24, against the backdrop of towering cranes, dockworkers at the Port of Long Beach began unloading the OOCL Violet, a hulking shipping vessel carrying thousands of containers full of goods bound for the US. The Violet is one of the first ships confronting a harsh, new reality: a steep 145% tariff rate on nearly half of its Chinese cargo, brought on by President Donald Trump’s ongoing trade war with China.

The ship had already begun loading goods bound for the ...